Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.85 and traded as low as $7.23. Voya Asia Pacific High Dividend Equity Income Fund shares last traded at $7.3150, with a volume of 46,190 shares traded.

Voya Asia Pacific High Dividend Equity Income Fund Price Performance

The stock has a 50-day moving average of $7.85 and a 200-day moving average of $7.58.

Voya Asia Pacific High Dividend Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Wednesday, April 1st.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 41,777 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $7.73, for a total value of $322,936.21. Following the sale, the insider owned 1,618,753 shares of the company’s stock, valued at $12,512,960.69. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 197,934 shares of company stock valued at $1,595,552 in the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IAE. NWF Advisory Services Inc. increased its stake in Voya Asia Pacific High Dividend Equity Income Fund by 5.6% in the 4th quarter. NWF Advisory Services Inc. now owns 113,250 shares of the company’s stock valued at $824,000 after buying an additional 6,000 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Voya Asia Pacific High Dividend Equity Income Fund by 2.9% during the 4th quarter. Osaic Holdings Inc. now owns 150,141 shares of the company’s stock worth $1,093,000 after buying an additional 4,300 shares during the last quarter. Bulldog Investors LLP grew its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 4.6% in the 4th quarter. Bulldog Investors LLP now owns 424,908 shares of the company’s stock valued at $3,093,000 after acquiring an additional 18,853 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Voya Asia Pacific High Dividend Equity Income Fund by 8.6% in the 4th quarter. Wells Fargo & Company MN now owns 107,363 shares of the company’s stock valued at $782,000 after acquiring an additional 8,481 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Voya Asia Pacific High Dividend Equity Income Fund by 264.6% in the fourth quarter. LPL Financial LLC now owns 47,623 shares of the company’s stock valued at $347,000 after acquiring an additional 34,561 shares during the last quarter.

Voya Asia Pacific High Dividend Equity Income Fund Company Profile

The Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) is a closed-end management investment company whose primary objective is to provide current income and capital appreciation by investing in dividend-paying equity securities of companies in the Asia Pacific region. The fund seeks to build a diversified portfolio of high-yielding common stocks, real estate investment trusts (REITs) and depositary receipts, targeting issuers in markets such as Australia, Hong Kong, Japan, Singapore and South Korea.